Democrats Abroad - Exploring US Issues of Taxation and Compliance for Americans. EinWeltHaus, rooms 211/212. Schwanthalerstr. 80. This is a MING-related event. The suggested donation of Eur 15.00 will help cover the costs. Seating is limited so if you would like to attend, please RSVP to Meghan Driscoll by Wednesday, 2 April at firstname.lastname@example.org or the meet up page for American Expats Abroad: http://www.meet-up.com/American-US-Expats-Abroad/events/166900682..
The primary focus in this meeting is on the Foreign Account Tax Compliance Act (FATCA).
The U.S. has signed Intergovernmental Agreements (IGA’s) in many European countries including Germany. These IGA’s all governments to implement the Foreign Account Tax Compliance Act (FATCA), and financial institutions across the globe, starting July 2014, will be required to identify the reportable accounts of US citizens or family members. Information on those accounts will be shared with the tax authorities in each country and with the IRS. This situation is creating confusion and concern for anyone who may have a US connection, be it as a citizen, a member of the family, etc.
The information session will explore issues that Americans residing abroad may face due to US citizenship-based taxation and FATCA, including who is a citizen, tax obligations, financial planning and privacy issues. Hopefully the information provided will help identify the issues that may apply. It is not intended or offered as legal or accounting advice specific to one’s individual situation.